Centralized Exchanges Are Now the Top Targets for Cybercriminals | Airdrop Alert Pro

Chainaanalysis Cryptocurrency in 2024 crime report Highlighting a troubling reality: Cryptocurrency losses have increased very little, with losses from cryptocurrency hackers totaling $2.2 billion, 21% higher than in 2023. In 2024, 303 cases of cryptocurrency theft were detected, while in 2023 this dropped to 282 cases.

This is the fifth consecutive year that cryptocurrency thefts have exceeded $1 billion, highlighting the dangers of embracing crypto-assets as they become mainstream.

Why North Korea Dominates the World of Cybercrime

More specifically, North Korean hackers The total simulated funds stolen in 47 attacks was $1.34 billion, more than double the $660.5 million stolen in 2023.

The vulnerabilities accounted for 61% of all thefts, indicating that Pyongyang has developed sophisticated cyber techniques to fund state activities such as weapons development. However, activity in North Korea has decreased by 53.7% since July 2024, which may be due to geopolitical factors such as the Putin-Kim summit.

The changing goals of hackers and the gradual change in their methods

People can also notice changes to the 2024 target. In the past few years, decentralized financial platforms have mainly led the way, but this year centralized services have risen to the trend in the second and third quarters.

some of which are $305 million DMM Bitcoin Japanese and Indian WazirX swapping attacks Attacks cost $234.9 million. Lack of proper management of private keys is a common tactic used by hackers, with private keys accounting for 43.8% of stolen funds.

Money laundering also became more sophisticated as more and more hackers began using bridges and mixing services to cover their tracks. For example, when extorting DMM Bitcoin, cybercriminals used mixers and multiple intermediary accounts before the funds reached unobtrusive markets.

Strengthen encryption security

To progress, the current crypto industry must enhance security methods, improve private key security, and collaborate with government and private players. As rules and oversight continue to evolve, the protection of customer assets and the sound operation of digital markets remains critical to maintaining confidence in the crypto world.